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flag UK median pay rises to 3.4%, driven by higher minimum wage and private-sector increases.

flag In the three months to May, UK median pay awards increased to 3.4%, up from 3.2%, partly due to a minimum wage hike. flag Private-sector pay deals reached 3.5%, with 19% of employers offering raises above 6%, up from 12% in April. flag Public-sector pay averaged 3.6%. flag The Bank of England is monitoring these wage increases as they pose a key inflation risk.

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